January 9, 2020

Wall Street hits record high on trade optimism, FAANG rally

U.S. stock indexes hit record highs at the open on Thursday after the United States and Iran pulled back from new military action, while firming optimism […]
January 9, 2020

Weak holiday sales at Kohl’s, J.C. Penney spell further trouble for traditional retailers

Kohl’s Corp and J.C. Penney Co Inc posted weak holiday season sales on Thursday, affirming that traditional brick-and-mortar retailers struggled to compete with record-breaking online shopping […]
January 9, 2020

Concerns over U.S. Latecoere purchase overblown: Dassault CEO

Concerns among French lawmakers about aerospace firm Latecoere’s sale to a U.S. fund are “overblown”, the head of its major client Dassault Aviation said on Thursday. […]
January 9, 2020

Ghosn ‘very comfortable’ after Lebanon questioning: lawyer

Carlos Ghosn’s lawyer said he was “very comfortable” with legal proceedings in Lebanon on Thursday, after the fugitive ex-Nissan boss was questioned over an extradition request […]
January 9, 2020

Japan minister launches counterattack after Ghosn blasts justice system

Japan’s justice minister launched a rare and forceful public takedown of auto executive-turned-fugitive Carlos Ghosn after he blasted the country’s legal system as allowing him “zero […]
January 9, 2020

Lebanon seeks Ghosn file from Japan-Lebanese judicial source

Lebanese judicial authorities have asked Japan for its file on Carlos Ghosn, including the charges against him, and will not question him again until the information […]
January 9, 2020

Oil steadies around levels prevailing before U.S.-Iran attacks

Oil prices steadied on Thursday after the previous session’s sharp losses on the back of swelling U.S. crude stocks and easing fears of an escalation in […]
January 9, 2020

Democratic lawmaker rebukes Wells Fargo rebate request

Democratic Representative Katie Porter, a first-term lawmaker known as a tough Wall Street critic, accused Wells Fargo & Co of passing on costs associated with its […]
January 9, 2020

First Abu Dhabi Bank to auction Al Jaber’s Dubai Shangri-La hotel: sources

First Abu Dhabi Bank (FAB) has started an auction process for a Dubai hotel operated by Shangri-La and owned by indebted construction group Al Jaber with […]
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